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Leftover Foreign Currency - Information and Tips
Most of us are concerned about the best deal in obtaining foreign funds. Many of us forget about the question of what to do with leftover bills and coins. Your best bet is to change them before you leave the country. The Next best thing to do is change them for local bills and coins in the next country on your itinerary. In most cases most coins will be accepted for conversion as well as bills. In some cases smaller coins will not be.

If you expect to be returning to the country in the reasonably near future you may wish to take the money home with you, especially smaller change and smaller bills. We have baggies full of coins for various countries in the 'travel' drawers of our dressers. The worst thing you can do is bring the coins and bills home and expect easily to exchange them. Unless you live in a major city you may find no source to convert the money for you. And wherever you go you'll rarely find anyone who will convert coins for you. If you are able to find a place to do the conversion for you, expect to get a very poor exchange rate (or high service charge.)

Most money exchangers will only take paper money, plus you lose money every time you exchange it because of commissions and the rate spreads. The trick is to exchange only as much money as you are going to need in a country. Try as you might, however, you will inevitably end up with some small change leftover when you leave a country.

Some travelers save exactly what they will need for transportation out of the country, then apply their remaining foreign currency to their last hotel bill, charging the balance due. Others I know run around at the train station or airport on their way out, wildly spending the rest of their remaining cash. Others search out the charity collection bins at many airports which are setup to relieve foreign tourists of their "useless" change and put it to good use at local charities.

Your best option, however, is to donate your leftover currency to those in need (chances are, you won't be using the coins for anything more than novelty when you return, anyway). The United States Fund for UNICEF has made it easy to turn your remaining currency into charity with their Change for Good program. To date, the program has raised over $31 million for needy children around the world. You can even donate old currency that is no longer valid after the Euro conversion. You can also pick up donation envelopes at Travelex and Thomas Cook locations across the country.

To donate your leftover currency, mail it directly to:

Travelex America
Attn.: Jessica Lynch
Change for Good® for UNICEF
JFK Airport Terminal 4 IAT
Jamaica, NY 11430

Find broken links, incorrect information or have related tips you'd like to share? Let us know!
 

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